tag:blogger.com,1999:blog-3852422397272068136.post4396845538631485778..comments2023-12-26T17:10:25.915-06:00Comments on Muddling through Mayhem: SSI For Your Adult Childmarythemomhttp://www.blogger.com/profile/08205319256573120866noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3852422397272068136.post-70295743623548087532020-05-13T11:49:08.404-05:002020-05-13T11:49:08.404-05:00I am her Rep Payee (appointed by SSA because it wa...I am her Rep Payee (appointed by SSA because it was deemed she needed one - my daughter didn't have a choice) but, like you, I don't have legal guardianship. We use a Rep Payee account for her SSI Benefits (ONLY funds from SSI benefits are allowed in this account). She does not have access to this account. <br /><br />When the SSI benefit money comes into the Rep Payee account, I can transfer the money where it needs to go (her checking account, another account, directly to the rental agency...). I too have signature power on Kitty's checking account (established when she was a minor). <br /><br />Now that she's a little better able to handle money (to some extent!), I transfer almost all of her benefits in the Rep Payee account into her checking account and she uses her debit card to pay for rent, food, and whatever. Since there is barely enough to cover her bills, almost all of which are due at the first of the month, I haven't had to worry much about her blowing all of her money before paying her bills. <br /><br />I know her tendency to spend all of her money and her inability to save is still an issue because when she received her Covid-19 stimulus money, she blew it all on frivolous stuff (mostly gifts) within a week. marythemomhttps://www.blogger.com/profile/08205319256573120866noreply@blogger.comtag:blogger.com,1999:blog-3852422397272068136.post-19971048641934358852020-05-12T11:01:40.915-05:002020-05-12T11:01:40.915-05:00My daughter set up a checking account when she was...My daughter set up a checking account when she was a minor. Minors are required to add an adult with signature power onto the account, so she gave me signature power (both of our names appear on the account). She had the right to remove my signature power when she turned 18, but she hasn't done so yet. When she was approved for SSI, she applied under her own name, and I assisted as her temporary rep to help with the application, but she didn't appoint me as her Representative Payee, and I don't have guardianship. SSI allowed her to use her established checking account, and I still had signature power on it. I never deposit my funds into the account, and she doesn't have signature power on any of my accounts. She writes checks or uses her debit card to pay for rent, 1/2 utilities, food, and other items that she wants or needs. Having signature power on her account was NEVER a problem for SSI. She gets SSDI now, and the joint bank account is not a problem for SSDI. <br />Sue Bureknoreply@blogger.comtag:blogger.com,1999:blog-3852422397272068136.post-38415538966765066092014-10-10T09:24:57.205-05:002014-10-10T09:24:57.205-05:00No! Not true.
1. Set up the account after you get ...No! Not true.<br />1. Set up the account after you get the first SSI check.<br />2. You *cannot* have your name on the account. I checked.<br />From: http://www.ssa.gov/pubs/EN-05-10076.pdf, page 13:<br />"To protect the beneficiary’s funds, the checking or<br />savings accounts title must reflect the beneficiary’s<br />ownership of the funds and your relationship as a<br />fiduciary (financial agent). Neither the representative<br />payee nor any other third party can have ownership<br />interest in the account. "Lesliehttps://www.blogger.com/profile/07389753244166322035noreply@blogger.comtag:blogger.com,1999:blog-3852422397272068136.post-67381386330921015512014-10-09T22:03:07.346-05:002014-10-09T22:03:07.346-05:00The bank said it was possible to have a Rep Payee ...The bank said it was possible to have a Rep Payee account, but we couldn't sign up for that until we got SSI. This account was her high school account, hers, but with our names on it.<br /><br />All I can say is that they knew we had the account with both our names on it. Right now my plan is to pull everything immediately, just leaving her weekly allotment and the money needed for bank fees.<br /><br />I will continue to maintain her spreadsheet.marythemomhttps://www.blogger.com/profile/08205319256573120866noreply@blogger.comtag:blogger.com,1999:blog-3852422397272068136.post-35730369940271662762014-10-09T17:23:31.546-05:002014-10-09T17:23:31.546-05:00Are you sure the joint account is legal? As Rep. p...Are you sure the joint account is legal? As Rep. payee, you can handle all the funds, but I think the account has to be actually in her name.<br />Don't mix money in the account.<br />Do be ready to give a basic break-down every 12 months for how the money was spent. (I think the categories are "food and board" "other" and "saved")Lesliehttps://www.blogger.com/profile/07389753244166322035noreply@blogger.com